Madhya Pradesh government has readied its blue-print for the Rs 4000 crore worth Green Energy Corridor project spearheadeed by Power Grid Corporation (PGCIL), as next five years would add another 6000 megawatts (Mw) of renewable energy projects in its installed capacity. This will also include a mega solar power project of 750 Mw capacity.
The German development Bank KfW has already tied-up for a loan with the Centre for the project. "The first phase of the project will be of Rs 2100 crore. The KfW will give 40 per cent or Rs 840 crore, while another 40 per cent of the project will come from Central clean energy fund grant and the rest 20 per cent will be contributed by the Madhya Pradesh government," Manu Shrivastava, principal secretary of renewable energy department told Business Standard.
In next five years Madhya Pradesh would add 2588 Mw in solar, 2704 in wind, 282 Mw in mini and micro hydel power projects and 271 Mw through bio-mass to the existing capacity. It will also have country's largest solar power plant of 750 Mw to be developed by the lowest-tariff offering private player . The mega power project will come up in the Rewa district.
Designed by PGCIL, the project is a dedicated transmission network for renewable energy evacuation. PGCIL will lay inter-state lines while state transmission companies like Madhya Pradesh Transmission Company will lay intra-state transmission lines. It is designed to transmit 55 gigawatts of solar and wind power generated by renewable energy rich states including Madhya Pradesh.
"The first phase would be completed within three years," the official further said.
"Last year state added 1261 Mw to its renewable energy capacity — the highest in the country," Shrivastava said, adding, "Besides the 750 Mw mega solar power project, NTPC is also setting up a 250-Mw solar power project near Mandsaur, Indian Oil Corporation and Oil India are planning to set up a 500 Mw solar energy plant in the state to power their oil refineries and MOIL and NALCO (National Aluminium Company) are setting up 20 Mw solar power plant each."
Through its Global Summits, the state witnessed commissioning of approximately 1500 Mw capacity of projects in financial year 2015-16. "If this is translated in value, the investment must not be less than 10000 Mw," the official said.